As part of our strategic relationship, PayPal is planning to expand merchant acquiring to businesses across the UK and European markets by leveraging J.P. Morgan Payments’ Commerce Platform, as we remain committed to helping merchant clients and their customers to streamline transactions, reduce friction and create a more seamless payments experience.

This strategic alignment is also another example of J.P. Morgan Payments’ international expansion. Those efforts include becoming the first U.S. bank to receive approval to become a principal member of France’s leading payments network, Cartes Bancaires CB.

In addition, J.P. Morgan Payments plans to offer Fastlane by PayPal for its merchant clients in the UK and Europe. “In a rapidly evolving payments landscape, clients and their customers seek seamless payment experiences that meet them where they are and accommodate their preferred payment methods,” said Max Neukirchen, Global Co-Head of J.P. Morgan Payments.

“The growing collaboration between J.P. Morgan Payments and PayPal combines our complementary strengths to deliver unmatched speed, security, and efficiency to consumers and businesses from two reputable organizations. By planning to bring Fastlane to merchants across new markets, we are leading the industry by unlocking new capabilities on our commerce platform.”

Read the press release here and check out media coverage in American Banker and Payments Dive.